EPFO closed 7.1 million accounts in April-December 2020

The Parliament was informed very recently that Employees’ Provident Fund Organisation closed 7.1 million EPF accounts during April-December, 2020 post pandemic which is higher than 6.6 million in the same period a year ago.

Santosh Gangwar, Labour Minister said in a written reply to the Lok Sabha, “The number of EPF accounts closed during the period from April to December, 2020 is 71,01,929,”.

The minister also stated that the number of EPF accounts with partial withdrawal also rose to 1,27,72,120 in April-December 2020 from 54,42,884 in the same period in 2019.